Earnest Partners LLC Has $91.32 Million Stake in Enterprise Financial Services Corporation $EFSC

Earnest Partners LLC reduced its holdings in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,575,051 shares of the bank’s stock after selling 83,711 shares during the period. Earnest Partners LLC owned 4.26% of Enterprise Financial Services worth $91,321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EFSC. Thrivent Financial for Lutherans grew its holdings in shares of Enterprise Financial Services by 146.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 969,533 shares of the bank’s stock valued at $56,213,000 after acquiring an additional 576,655 shares in the last quarter. Wellington Management Group LLP raised its holdings in Enterprise Financial Services by 8.6% during the third quarter. Wellington Management Group LLP now owns 2,622,760 shares of the bank’s stock worth $152,068,000 after acquiring an additional 207,256 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in Enterprise Financial Services in the second quarter valued at approximately $4,959,000. Bridgeway Capital Management LLC grew its stake in Enterprise Financial Services by 33.3% in the second quarter. Bridgeway Capital Management LLC now owns 311,614 shares of the bank’s stock valued at $17,170,000 after purchasing an additional 77,890 shares in the last quarter. Finally, Boston Partners increased its position in shares of Enterprise Financial Services by 141.7% during the 2nd quarter. Boston Partners now owns 107,910 shares of the bank’s stock worth $5,946,000 after purchasing an additional 63,261 shares during the last quarter. 72.21% of the stock is owned by institutional investors.

Enterprise Financial Services Stock Performance

NASDAQ EFSC opened at $53.33 on Friday. The stock has a market cap of $1.96 billion, a PE ratio of 10.04 and a beta of 0.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a 50-day moving average of $57.16 and a 200-day moving average of $56.62. Enterprise Financial Services Corporation has a 52-week low of $45.22 and a 52-week high of $62.30.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, January 26th. The bank reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). The company had revenue of $190.95 million during the quarter, compared to analyst estimates of $188.54 million. Enterprise Financial Services had a net margin of 20.15% and a return on equity of 10.57%. On average, sell-side analysts anticipate that Enterprise Financial Services Corporation will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.32. Enterprise Financial Services’s payout ratio is 24.11%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Piper Sandler increased their price objective on Enterprise Financial Services from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Weiss Ratings upgraded shares of Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Finally, DA Davidson boosted their price target on Enterprise Financial Services from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.00.

About Enterprise Financial Services

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.